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‘MOVE-UP’ BUYERS RETURN TO FRASER VALLEY

REAL ESTATE IN AUGUST

(Surrey, BC) - The Fraser Valley Real Estate Board credits ‘move-up’ buyers and greater affordability for the second best August in its real estate sales history, bolstered by a summer of historically low interest rates.

There were 1,786 sales processed in August, an increase of 96 per cent compared to the 910 sales during the same month last year. Add in sales from June and July generated by many first-time buyers and the result is 5,857 sales– outperforming the summer of 2007, at 5,800, but far from matching 2005, when summer sales peaked at 6,866.

“The last three months was a welcome return to a busier, more stable market, but also a discerning one,” describes Paul Penner, President of the Fraser Valley Real Estate Board. “Not every house was flying off the shelf like they did four years ago.”

“It’s a more complex market now, with variations in activity depending on the area and price and it requires knowledge, knowing what’s selling, for how much, and why.”

Penner says stability has returned to house prices, but with the average days on market in the Fraser Valley effectively remaining unchanged for six months, at just under 60 days for most property types, pricing remains highly competitive.

“Our August market poll reveals how much price matters. Over half of Fraser Valley buyers qualified for a

conventional mortgage putting 25 per cent or more down, yet 39 per cent of REALTORS® who participated in our survey reported challenges in closing sales due to their clients’ inability to reach financing terms.”

The MLSLink® Housing Price Index (HPI) benchmark price of a detached home in August was $483,839, a decrease of 3.5 per cent compared to August 2008, when it was $501,317. In the last three months, the HPI benchmark price of a detached home has increased by 3.8 per cent.

The HPI benchmark price of Fraser Valley townhouses decreased 4.7 per cent from $325,833 in August 2008 to $310,389 in August 2009, and...

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Need some storage for your garage?  Left overs from a Caninet shop.
 
Great deal for the budget conscious car guy. 
 
Choose from base (lower) and wall cabinets left over from previous large scale projects
that would be great in a garage or workshop. Many sizes and configurations
can be built from what are available.  Some that are suitable for race car trailers
with limited space.  First come first served as supplies last.
 
There seems  to be a good selection at this time including doors.

All basic "orphaned" wall or base cabinets  $40 each!

For $20 more you can have doors to match if they have them in stock also.

Again first come first served. This is a really inexpensive way to add
some good storage and work surfaces to your shop, trailer, basement or
whatever.
 
Contact Pierre at Stoney Creek Cabinet Co. Located in Coquitlam near United Blvd.
604 808 7425

 
 

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A few fellow Mopar owners attended the Early Ford V8 car show at Hougen Park recently. It never ceases to amaze me at the new rides comming out of local garages. It was a great day and of course all the corn on the cob you can eat!  Here are a few entry's.
 
 
                                                           Plum Crazy Challenger R/T
 
 
                                                                      70 Boss Mustang
 
 
                                                    Very cool big block Torino GT
 
 
I didn't get a chance to speak with this owner to find out exactly what this car is however the attention to detail is mind blowing. Little things like all the phillips head screws on the light covers are alligned the same way. On the inside of the hood is an airbrush picture of the Cobra snake head! 
 
 
Here are a few cars that caught my eye while driving around the valley.
 
 
 
 
 
                 ...
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